wa -GOUNCH

APR - 4 1977

TO: Mayor and Council March, 29th, 1977

FROM: Alderman G.R. Laking
Industrial Development Committee

In 1975 when the Industrial Committee was acquiring a great number of
industries, namely Ellett Copper, Viam Construction, Clar-For Holdings,
plus many other smaller industries, the Committee saw a problem with no
development taking place East of the RoValve property. At the time,
B.C. Development Corporation was working with the Committee trying to
assist us in acquiring industry.

A number of industries were trying to buy land in that area, but the
price was far in excess of land in other areas of the Region.

Mr. Pollock and I negotiated an agreement with the B.C.Development
Corporation where we would share, equally, the cost of the land and the
cost of servicing, then either sell the land or lease it. They were to
make all the acquisitions and we were to not zone any land that was
outside of the parcels we first purchased. The area was South of Kingsway
and East of the present land developed on the side of Broadway. All

land along Broadway on both sides was to be left in private hands so

there would be private competition along with City and B.C. Development
for industrial property.

Council, by a six to one majority, turned down the agreement in October
and requested B.C. Development to acquire land on their own.

About the same time in 1975, Huntington Rubber requested rezoning of
their property West of the Coqutlam River (14 acres). The recommendation
of the Industrial Committee was not to rezone to M-3.

Huntington Rubber promised to improve their present building plus service
the area around their property. 100 feet of sidewalk was built plus a
short piece of storm sewer, road and curb. They. have done nothing to
their building and now have the property listed with a Burnaby firm at
$85,000. an acre.

I am circulating separately a copy of a letter I received from a firm I
have been working with trying to acquire and develop a 57 acre parcel of
land in the East section of our industrial area. They made a substantial
offer for 45 acres, leaving the present owner a 12 acre parcel plus they
would service the owner's parcel. As the letter states, the present
owner's lawyer has written to them demanding an excessive price plus
servicing, making it impossible for anyone to develop industry in that
area.

I have also been working with the agent for Alderman Stusiak of Burnaby,
who wished to construct a manufacturing plant for making doors and
frames. The latest contact with Mr. Stusiak has informed me he was